The Trading Room

Oil prices were little changed in the morning of Asian trading hours, with international benchmark Brent crude futures up 0.17% to $34.71 per barrel. U.S. crude futures dipped slightly to $31.94 per barrel

The Dow Jones Industrial Average fell 390.51 points, or 1.59%, to 24,206.86, the S&P 500 lost 30.97 points, or 1.05%, to 2,922.94 and the Nasdaq Composite dropped 49.72 points, or 0.54%, to 9,185.10.

Secondary trading on the bond market at the Nairobi Securities Exchange was relatively unchanged with bonds worth Kes 1.98 Billion trading in 80 deals, as compared to yesterday’s turnover of Kes 1.93 Billion which was achieved in 96deals.

The move comes less than two weeks after Uber laid off 3,700 employees, or 14 percent of its global workforce. In total, the company has eliminated around a quarter of its staff in less than a...

Hong Kong’s Hang Seng index led gains among the region’s major markets, jumping 2.38% in early trade as shares of HSBC soared more than 3%.